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Moneysupermarket.com ( (GB:MONY) ) has provided an announcement.
MONY Group PLC reported strong financial results for the year ending December 31, 2024, with a record revenue of £439.2 million, representing a 2% increase from the previous year, primarily driven by strong performance in insurance and cashback sectors. The company achieved a significant milestone with the SuperSaveClub exceeding 1 million members, boosting group sales and reducing reliance on traditional pay-per-click marketing. This growth trajectory enabled an increase in dividends by 3% and the announcement of a £30 million share buyback program, reflecting the company’s robust financial position and strategic execution. Furthermore, the company’s initiatives in AI and personalized customer engagement continue to enhance operational efficiency and customer satisfaction, positioning MONY Group favorably for sustainable future growth.
More about Moneysupermarket.com
MONY Group PLC operates in the financial services industry, focusing on price comparison and member-based propositions. Its primary services include insurance, cashback, and personal finance solutions, with a significant emphasis on helping consumers save money. The company is particularly known for its MoneySuperMarket SuperSave Club, MoneySavingExpert App, and Quidco, catering to a broad market with a focus on digital and personalized service offerings.
YTD Price Performance: -1.15%
Average Trading Volume: 1,019,158
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.02B
For a thorough assessment of MONY stock, go to TipRanks’ Stock Analysis page.
